Boeing has approximately 160,000 employees worldwide, but the payroll cuts are likely to focus on the commercial airplane division, which is facing major financial pressure. Boeing is not manufacturing any commercial airplanes due to the coronavirus pandemic.
China Eastern's Boeing 777-300ER at San Francisco International Airport
On Monday the company said it would suspend production of 787 Dreamliner planes in South Carolina because of the coronavirus pandemic, a move that put all of the manufacturer’s production of commercial airplanes on hold.
On Wednesday, Boeing’s rival Airbus said it will cut commercial airplane production by a third due to an expected drop in demand for new planes as airlines around the world are expected to defer or cancel orders.
Boeing has approximately 160,000 employees worldwide, but the payroll cuts are likely to focus on the commercial airplane division, which is facing major financial pressure. Boeing is not manufacturing any commercial airplanes due to the coronavirus pandemic.
China Eastern's Boeing 777-300ER at San Francisco International Airport
